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20121205
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. joining us now, manhattan institute's senior fllow, the president of the national right to work defense foundaton. welcome to yu both. let me begin with you. twenty-four states now right to work. the governor, the outgoing governor f new hampshire not vetoing. that would have been 2. that is an impressive, if you will, said of progress to markair. isn't it? >> that's right. this is exciting. with indiana's passage of the 23rd right to work on february 1st in michigan passe, it has been a good year, and it's important to battle. your description of it was spot on this is about ending compulsory dues payments to union officials. that's it. lou: and listening to the president yesterday, your thought there were trying to tear down collective bargaining to end the right to organize a union. i mean, the hyperbolic language was extraordinary. >> considering that the union movement, $400 million to help them get elected, what would you expect? it's the same thing we saw in wisconsin. actually -- and this has played out in the media. lou: you asked me aquestion. i'm going to answer it. what woul
and social security. with so much off the table, what is left on the table? just as low to trim defense. running out of options senator bloomenthal with me now. limiting the pie? >> not at all, neil. there's significant cuts to be made in health care costs. for example, $500 billion or more in healthcare cuts. that's only 4% of the 12 trillion to spend over the next decade. cutting unnecessary waste -- neil: not medicare or medicare, but out of something else? >> they woud reduce the costs of medicaid aeromedicare in sensible waysthat affect the couny. everybody knows health care costs are spiraling out of control. some examples, right now, medicare does not negotiate the prices of pharmaceutical drugs. the veterans' administration does, why not medicare? cut the hospital of required diseases requiring health care costs in that way. the affordable care act not only envisions and requires in certain ways cuts in the cost of health care spending -- neil: suspect hat the same as republicans saying don't raise rates. you don't like when republicans do it, you don't like when they say leave
. syria apparently mixing chemical weapons. the foundation for defense of democracy joins us here in moments. the unemployment rate drops. so did the number of workers in the labour force. we will be taakingbout this economy and what washington is trying to do to it and us next trying to do to it and us next with peter wallace and. you know how painful heartburn can be. for fast, long lasting relief, use doctor recommended gaviscon®. only gaviscon® forms a protective barrier that helps block stomach acid from splashing up- relieving the pain quickly. try fast, long lasting gaviscon®. ♪ [ engine revs ] ♪ [ male announcer ] oh what fun it is to ride. get the mercedes-benz on your wish list at the winter event going on now through december 31st. [ santa ] ho, ho, ho! [ male announcer ] lease a 2013 e350 for $579 a month at your local mercedes-benz dealer. you know, from our 4,000 television commercials. yep, there i am with flo. hoo-hoo! watch it! [chuckles] anyhoo, 3 million people switched to me last year, saving an average of $475. yeah, i'm kind of a big deal. [sigh] it fe
of money and hay straight ahead. ♪ . melissa: so the pentagon get as green light to send valuable defense funds on things like efforts to make biofuels. the military is focused on alternative energy sources faced constant debate in congress this year and i think rightly some republican senator james inhofe is a member of the armed services committee. senator, welcome back to t show. when i go through these stats it is really staggering. you look at the air force whic paid $59 a gallon for 11,000 gallons of alternative fuel. the navy spent $12 mlion on biofuels at a rate of $26 a gallon. at a time we're talking about raising taxes and the fiscal cliff and what financial problems we're in this country, i read these numbers i want to tear my heart out. how do you feel? >> melissa, it is wse than that. in '09 he had the navy pay $424 a gallon for 20,000 gallons. that is fuel on the market you could buy for $3 a gallon. $424 a gallon. in mind, this president s had a war on our defense system. he disarmed america. he has done away with our brigade combat teams, our ships, our f-22s, c-17s, futu
the brotherhood. syria apparently mixing chemical weapons. the foundation for defense of democracy joins us here in moments. the unemployment rate drops. so did the number of workers in the labour force. we will be taaking about this economy and what washington is trying to do to it and us next with peter wallace and. ♪ the catal one cash rewards card gives you 1% cash back on all purches, plus a 50% annl bonus. and everyone likes 50% more... [ midwestern/chicago accent ] cheddar! yeah! 50 percent more [yodeling] yodel-ay-ee-oo. 50% more fla. [ southern accent ] 50 percent more tars. that's where tots come from. [ male announcer ] the capital one cash rewards card gives you 1% cash back on every purchase plus a 50% aual bonus on the cash yoearn. it's the card for people who like more cash. 50% more spy stuff. what's in your wallet? this car is too small. ♪ lou: house speaker boehner says the president is slow walking our economy to the fiscal cliff. former reagan white house counsel, financial crisis inquiry commission member peter wallace will join me here in just moments. let's take a look
the brotherhood. syria apparently mixing chemcal weapons. the foundation for defense of democracy joins us here in monts. the unemployment rate drops. so did the number of workers in the labour force. we will be taaking about this economyand what washington is trying to do to it and us next with peterwallace and. i'm dominique dawes and there parents can give their kids -- making sure they get active at least 60 minutes each day. studies sh that physical activity not only helps kids stay heahy, it can enhance impoant skills, like concentration and problem solving, which can improve academic performance. this means physical activity can help your kids in the most important game of all -- life ♪ lou: house speaker boehner says the president is slow walking our economy to the fiscal cliff. former reagan white house counsel, financial crisis inquiry commission member peter wallace will join me here in just moments. let's take a look at tonight's "moneyline." the dow and s&p managing gains. the nasdaq weighed down by another bad day for apple and its investors. the dow up 81 points. s&p up four, t
revolting against the brotherhood. syria apparently mixing chemical weapons. the foundation for defense of democry joins us he in moments. the unemploymt rate drops. so did the number of worers in the labour force. we will be taaking abouthis economy and what washington is trying to do to it and us next trying to do to it and us next with peter wallace and. can i help you? i heard you guys can ship ound for less than the ups store. thas right. i'vlearned the only way to get a holay deal is to camp out. you know we've been open all night. ithis a trick to get spot? [ male announcer ] break from the holiday stress. save on ground shipping at fedexffice. you know how painful heartburn can be. for fast, long lasting relief, use doctor recommended gaviscon®. only gaviscon® forms a protective barrier that helps block stomach acid from splashing up- relieving the pain quickly. try fast, long lasting gaviscon®. ♪ [ male announcer ] they are a glowing example of what it means to be the best. and at this special time of year, they shine even brighter. come to the winter event and get the me
help in? we take itll up with he foundation for defense of democracy here next. stay with us. ♪ lou: breaking news. u.s. officials confirmed that the egyptian authorities have detained a man who has been described variously as, perhaps, an alleged ringleader of an egyptian terrorist network linked to the september 1th attack on the u.s. consulate in benghazi. the united states ambassador and three other americans were killed. also tonight, egyptian president urging national dialogue still, but moving forward with his referendum on an islamist back to constitution. the new york times bureau chief in cairo, david kirkpatrick insting th the muslim brotherhood s not, and i do ," not violent by nature and have come over the last couple of decades, you off me and mor into a moderate conservative but religious moderate regular old political frce. well, joining us now is jonathan chancellor, former counter-terrorism analyst, current vice president of research for the foundation for defense of democracy, and it is good to have you with us. your eaction to kirkpatrick's descriptio. >> let me
the brotherhoo syria apparently mixing chemical weapons. the foundation for defense of democracy joins us here in ments. the unemloyment rate drops. so did the number of workers in the labour force. we will be taaking about this economy and what washington is trying to do to it and us next trying to do to it and us next with peter wallace and. ♪ music body language-- without saying a word, it can tell you so much. like someone is having a stroke... know the sudden signs. learn f.a.s.t. f- face drooping a-arm weakness s- speech difficul t- time, time to call 911 immediately. the sooner they get to the hospital, the sooner they'll get treatment, and that can make a remarkable difference in their recovery. learn the body language, the suddenigns, and spot a stroke f.a.s.t. i can tell you that childhood is a magical time. but for children with diabetes, life is not quite so carefree. the barbara davis center for childhood diabetes is fighting hard to find a cure. know the signs: irritability, excessive urination, weight loss. if you havany of these signs, please call your doctor. early detection
and let's not forget the spending cuts that are ought mattic in the defense industry, defense industry alone is looking at hundreds of thousands of job cuts next year with nos mandatory cuts go into effect. i'm not saying they are. sot's both cutting and taxing, we're too focused on the tax. bottom line, the government takes it out of the system cutting and raising taxes and the small or deficit. that means tt people are going to be out of work, almost by definition in the short run. but in the long run it's a healthier economy that doesn't go down the path of greece. if the long run greece would have low unemployment, but they do not, but yes, we're going to go a percent, if it happen the worse case scenario, but in five years we won't be notble to borrow money. >> brenda: julian, you can go ahead and respd. >> first of all, the ernst & young study has been debunked over and over. and number two, the bush tax cuts,f you let the bush tax cuts. the crs study was a republican study and found the same thing as the cbo. if you letush tax cuts expire on everybody, yes, you would have negati
and defense systems to the turks? >> no. in fact of this has been hanging fire for some months. the one to make sure they have some means of protecting themselves, not simply from rockets coming in from syria, but they want to protect themselves from what the iranians are building with the help, of course. lou: and we can talk forever about the turkey and the relationship that is emerging there, but i want to talk your, as we wrap up, about this new book. oliver north, heroes proof. set in the future in which you imagine issues that, well, frankly, are taking place today. >> twenty years from now, and i did not have any idea that the terror attack that killed americans would be wise about by an administration r that israel would face the existential threat that it does today. those kinds of things are in this book. of course, hopefully, a brighter future for america when we realize was really happening, the second amendment being denied by the united nations kamal things that this administration is doing in this book. by the way, service members, those who are serving overseas, soldier
it done in stanten island all on his own, without the government. meanwhile, why a former defense secretary says the battle in washington could have our military losing the war. we have more. ♪ this family used capital one venture miles to come home for the holidays. that's double miles can actually use... sadly, their brother's white christmas just got "blacked out." [ brother ] t it'she family party! really jingles your bells, doesn't it? my gift to you! the capital one venture card! for any flightany time! that double miles you can actually use! how illuminang. what's in your wallet? let me guess, am on the naughty list again? ho ho ho! nah. don tell me. tell tiny! [ ice crackling ] [ knuckles cracking ] and who are you supposed to be, back-up? handle it. what you loing at? ha! cat-like reflexes... whoa! [ male announcer ] the coorlight silver bullet pint. 's bigger. it's resealable. it's still the coldest. don't u do it. don't you do it! [ male announcer ] frost bred coors light. the world's most refreshing beer! neil: no deal. bp out, and if automatic cuts cut in january 1s
on his own, without the government. meanwhile, why a former defense secretary says the battle in washington could have our military losing the war. we have more. ♪ neil: no deal. bp out, and if automatic cuts cut in january 1st because they have not figured it out, forget the economy. r military could be the one really getting slammed. spending making up for over 50% of the total budget cuts that would automatically be sequesteredded in. all other government programs share the rest. defense, half of them 80 other programs with the other half. william cohen on why it could be a scary thing. secretary, good to have you. what would be the immediate impact on the military, do you thk? >> well, the immediate impact would be on operations and maintenance. basically, cuts in training, programs will be deferred, it would have an impact in terms of our war on terror, in terms of being able to fund these prerly. whenever you talk about budget cuts, usually, you have a premise that what arehe threats that face us. what's a strategy we have to combat those threats? what is the revenue n
the commeecial break, you said there is a meeting with the defense ministry. what do we know about that? what will happen? >> this happened late in the day. the defense minister is trying to acts as a mediator between president morsi and the opposition groups at loggerheads in the streets right now. he summoned, he called a meeting. he says it is not political. it is an effort to cool things down, calm things down. president morsi did know about this meeting in advance. he was stunned by his own defense minister. i think it's a mistake right now to view the egyptian defense people as hostile or, acting contrary to their own country's interests. if egypt falls apart, everything falls a i part. -- apart. they don't want that. melissa: mike barrett, this is great point. in some sense wee don't know who we're giving the planes to. >> i used to live in turkey. i love it as a country. we see islamist oriented government has taken over the reins in terms of military. they put the senior military officers on trial. as a result they now exert a lot more political influence over this. while i agree wit
on to half a trillion in cuts, in domestic programs and half a trillion in defense, understand what this is as a conservative, defense is 16% of the budget. other 84% gets half a trillion, defense getting half a trillion. the democrats are welcoming this to happen. >> the guy who ran second to mitt romney, many argue now with -- i think this is -- republicans are running with tail between their legs, and they are a lighter blue. >> they are referred to as cheap democrats. neil: you are persona nongratta now. or party we knew is gone. >> i'm hoping that is not the case. i'm hoping we'll have new members come in. and you know, we -- just saw it, i got involved in not a fiscal thing but it had to do with a u.n. treaty that the left's to s to hoist on u.s. that thing was going to pass, we got involved, an organization that i run, patriot voices, we stirred up the pot, got people to pay attention. neil: you are a force, you are a very commanding force it would be in upper tier of perspective presidential candidate. >> i appreciate, that but point is, i do not say that to pat our organiza
the government. meanwhile, why a former defense secretary says the battle in washington could have our military losing the war. we have more. ♪ man: we are rolling. all right, mama's gonna bring it home, mama's gonna bring it home. oh, no! man: oh, mom! aah! announcer: challen your kids to be active and eat healthy. all right, let's see what you can do. let's go. announcer: search "we can" for ideas on how to get healthy together. neil: no deal. bp out, and if automatic cuts cut in january 1st because they have not figured it out, forget the economy. our military could be the one really getting slammed. spending making up for over 50% of the total budget cuts that would automatically sequesteredd in. all other government programs share the rest. defense, half of them 80 other programs with the other half. william cohen on why it could be a scary thing. secretary, good to have you. what would be the immediate impact on the military, do you think? >> well, the immediate imct would be on operations and maintenance. basically, cuts in training, programs will be deferred, it would have an impact i
george zimmerman. >> it was shown but it was gist a black and white a binning, defense had to ask. the same picture but now in color, defense asked again and again. to be fair torosecution,. lou: i know how fair you lawyers like to be. >> that iss. they may not have had theolor in their own file. lou: are we going through this? >> just giving you both sides. lou: do you think that any grand jury would have broughthis -- if they had seen that. no. this -- >> they saw the black andhite to beair, they jusdidn't see the cor. >> i don't think that black and white photo and cor photo elicit the same span, you look at this -- response, you look at this photo you immediately think self-defense. lou: we have color otherwise inkhat a travesty of justi all those grand juries in the day of black and white photos. >> it is probable cause for a grand jy. lou: and do you thnk that he should be prosecuted? >> you know, my sense is given that picture, i'm a lot less supporve of pro psecution but. >> it would have changed a lot of people's mines, and if the media had not rushehed to judgeo quickly.
, a defensive flair to detour antirebel runners, but that epitomizes the fear of which the serian people now live. rebel forces taking the flight to the assad regime inside the capital with a deadly explosion in the arab red crescent building outside the city. >> it's very clear the regime forces are being grounded down and that they are losing. >> in seeking to squash the uprising, he killed 40,000 people. president obama's top aids feel the fighting takes on a more gruesome character. >> we remain very concerned, very concern that as the opposition advances, in particular on damascus, that the regime might very well consider the use of chemical weapons. >> senior u.s. officials confirmed to fox news that syria have fully mixed an unknown quantitity of the deadly nerve agent loading it on to breakable canisters, an aerosol form to be dropped from above. in dublin, secretary of state clinton met with the russian foreign minister whose regime steadfastly defended syrias, but that changed as the russian leader, close to putin said, quote, we have shared and do share the opinion that the existi
term we are in defensive. health care ihealth care in pard like in that area. we really like the farmers and the staples as a place to hang out. >> it still has a pretty good dividend on it. pfizer is still a relatively cheap stock as people are worried about the pipeline, etc. but actually think it is a healthy company that has been undervalued for some time. liz: once you're out of the bear suit, what are you going to buy? >> then we will buy supercold as the economic news gets a lot better. i want to own consumer supercold, industrials in particular would like. but even spread out into places like germany, china, emerging market that we have been buying the last couple of months. liz: chin steve has a china plae don't want to miss. 30 billion in assets under management. he is working his money, trust us. the closing belllin 50 minutes. a fall off the fiscal cliff will derail the programs helping the hosing recover. for the homebuilders worried? toll brothers is the 800-pound gorilla, they would know. a fox business exclusive with dogeared leaflets which tell you if the rec
to the republican plan, largely disctionary spending cs. a lot coming out of defense. these are not longerm ructural chaes t will put on a path to a balaed budt. that will not happen. melissa: the other thing that struckme about the graphic when you look at it, the threat f from republicans hey, we would rath go over the cliff rather than take the president's deal, to me doesn't look terribly credible when you look at actual numbers. unss you take into perspective we're not really going overor years. but it is just going over the cliff is so focus on raising taxes, on absolutely everybody and spending cuts are really nothat imprsive in tes of getting, you know, the gap down smalle they say if you compare it to the white house plan they would rather g over the cliff. i'm not sure that is really credible given those mbers. what do you think?. >> way some rublicans not l, growing number of republicans are looking at this, assigningle to the president, making clea this t president'slan and they don't ha anything to do with it is politically more benefial for them both in the short-term and the long te
in. all other government programs share the rest. defense, half of them 80 other programs with the other ha. william cohen on why it could be a scary thing. secretary, good to have you. what would be the immediate impact on the military, do you think? >> well, the immediate impact would be on operations and maintenance. bacally, cuts in training, programs will deferred, it would have an impact in terms of our war on terror, in terms of being able to fund these properly. wheneverou talk about budget cuts, usually, you have a premise that what are the threats that face us. what's a strategy we have to combat those threats? what is the revenue necessary to fund the execution of the strategy? now we have a situation where just take it across the board, and deal with it. i think it's going to be very dangerous for us. it's not that the defense budget can't be cut. we already mandated 500 billion in cuts over ten years. this is another 500 billion meing roughly, next year, starting in january, another 58 billion in 2013 comes out. that means we're going to have a major impact o
. you have a defense that you have a bleeding defense sector stock. that will obviously be impacted greatly depending on what happens. if you look at lockheed martin over the last six-eight weeks, it really has held its own. it is trading in a fairly narrow range. it is trending near its all-time high. maybe a barometer of what they happen to some of these stocks depending on the fiscal cliff. maybe things will not be so bad. on the other hand, now you have a stock in a completely separate sector. locate gap stores. all of a sudden end of last week, we saw this huge drop. the stock down about 15%. liz: what is it about gap at this point? >> >> it has been on such a great rally. i think there is some sentiment that because they did not announce any sort of forward diviiend that some of the investors are disappointed. with this thursday coming out with november retail sales data, people are thinking it is maybe not so good much like people are saying at apple that people are taking money off the table, that may be the same story with gap. liz: one story that may very relate is john wo
warhead on a long-range missile and send it to the united states. we really have no defenses for that. once it is in the air it is very hard for us to shoot it down. which means we don't have that much time to stop the north korean missile program. this is unstable regime after all. this is not like the soviet union, a status quo power. this is country in real distress. melissa: how much time do you think we have and what is the iranian connection? >> we're about 15 years or so the north koreans and iranians have a joint missile program where the north koreans develop the technology and iranians pay for it. shahab 5 and 6 of iran is the north korea's type dong missile. clearly the north koreans have sold this before. they will definitely try to sell this to the iranians. it is up to us to stop it which means we might have to interdict shipping. >> not a leap to say they were there in attendance, they were cheering them on, that they would be perfect customers? >> the iranians have been on site for all five long-range missile test. they have been on sight in north korea for the two nuc
for technology. and some of this technology has defense applications, like this battery maker they're buying this stuff up. that is something we have to be concerned about and should stop. tracy: do you worry -- we ha an election. there are new people leading. you worry that the new leaders will make this even worse? >> the leaders in china right now, the so-called conservatives, but in the chinese context that means hard-line anti reformers. they want to clo up opportunities for foreigners. when you have these chinese enterprises going around the world buying assetsts, the opportunities for not only foreign companies but also a domestic, private entrepreneurs, the private people are being narrowed. that is real problem for china because it's an entire rform. tracy: the other thing is that currency manipulation and the fact that our best fishing does not ace as much weight on this >> u.s. law requires treasury to designate a country occurrence manipulator if it manipulates its currency and thus to get traded vantage. if we're not going to enforce our own law, that's a real problem. good poli
been on top of this. he has been very defensive about the fact they are still creating jobs here and abroad. apple, by the way, 60% of business outside of this country. dagen: it is not just about price, it is about scalability and adaptability of the workforces in this nation. charles: there is no dow about it. natural gas gives us an amazing advantage. wages have gone up dramatically in china. we will benefit from that as well. be careful what you ask for. do we really want a whole bunch of four dollars jobs in america, the answer is, no. connell: thank you, charles. great stuff, as always. the irs wants back taxes from amazon. dagen: no shame. one of the most popular places to do your holiday shopping. that is exactly the video we picked that we are going to tell you about coming up. just make sure this is not a public restroom, please. [ laughter ] ♪ there is no mass-produced human. every human being is unique. and there is one store that recognizes it. the sleep nuer store. thonly place in the world you'll find the extraordinarily comfortable slp number experiee. an exclus
are breaking out over new legislation that puts the union on defense. dagen: the war on business. antitrust penalties. connell: the economic sanctions on iran. we will find out why this matters so much. dagen: it is the top of the hour. stocks now with nicole petallides. nicole: those breakfast meals are doing so well for mcdonald's. leading them right along. it is a top performer on the dow jones industrials. mcdonald's, we have to take a look at it. they are november sales are coming. all of these worries started to brew whether or not they donalds would launch a deal. they are back. they have winning numbers. they show growth of 2.4%. as i noted, breakfast meals doing well here in the states. of $0.89. allost $90, 89.37. the dow jones industrials, right now, are up one quarter of 1%. this is after wreaths. weeks of gains. last week, we gained about 130 points. the traders that i have talked to, continue to say the trend remains to the upside. back to you. connell: thank you. dagen: president obama pushing his plan for dealing with the fiscal cliff in detroit. connell: peter barnes is in
. the defense has been saying we will not plan for sequestration's because they don't want to be cautious because it is like a gun to the head. they're now looking into planning for this because we are getting pretty late, and that may become a reality. back to you. melissa: rich edson, thank you so much. lori: let's continue this discussion. it is going to happen, it is exactly what the democrats want. according to scott hodge of the tax foundation. what are some alternatives to raising revenue? joining me with some ideas. to your point, you're written quite extensively on this topic. it seems the economy is poised to fall off the cliff and that's what the democrats and the president wants to happen. >> they want to allow all the bush tax cuts to expire. it happens naturally automatically. they don't even have to vote for it. in january we had to lower taxes for everybody. getting it very simply. lori: a lot of people are concerned. if we do go over the cliff, there's no resolution for the alternative minimum taxes, will not be passed that does not get resolved you have 20 million more a
. citi price rewind. start saving at citi.m/pricerewind. lou: defense officials have identified highly decorated decorated -- decorated navy seal that was killed over the weekend. 28 year-old from pennsylvania of member of tte elite seal team six killed in combat during the mission to rescue dr. joseph who was adopted by the taliban last wednesday successfully rescued by special operation forces five days later. one congressmen pilot at the federal budget and his record before going on the talk-show. here he is yesterday. >> one of the issues left alone as the mischa who was responsible, how we got here and to play in medicare and medicaid and social security as the drivers of the deficit. two wars on a credit card? financial institutions. lou: amnesia apparently is contagious. here are the facts with an 40% of the budget is spent on medicare and social security. the congressmen could recall the voting record himself he voted to approve more spending four times over the past five years. grace of workers made national headlines when a local affiliate, the drinking and smoking marijuana
it will be with payroll tax, and amt, alternative minimum tax, cut to medicare, and cuts to defense. that is for real, that happens. that is immediate. the rise in rates due to obamacare, and the bush tax cut expiring, those actually do not take effect, they will not owe them until 2014, i think that president thinks he has time. but, this is -- this is why it important i think, for us to tell the truth. and be grown ups, the president thinks in short-term, he can just continue to go out and campaign, and maybe in short-term republicans will take will blame. i'm ready to take the blame, i am going to tell the truth to my constituents. lou: take the blame. that is an interesting eing expression. the fact is, his ultimatum is only -- the only decision taken that will result in this occurring, rather than a collective bargain heaed positi. i do not see where republicans should take any blame, why isn't your leadership, if you will, say, you go ahead, you own it you eat it? lou: i believe at the end of the day that is what we'll say. but for right now, lou we're still here, we're working, we're willing t
. but in mcafee's defense, he probably did kill his neighbor. charles: he could be charlie sheen's friend. that would be a sight to see. thank you, we will talk to you later. meanwhile, while everyone is worried about the economy plunging over the cliff, it looks like the funding for medical devices has already fallen over the cliff. investors are now pulling the plug. >> they make heart comes and stands and prosthetic devices for returning soldiers. they make devices to work on brain tumors. what is happening is that obamacare, we are finding all sorts of odd taxes that are coming out. now, we are seeing the medical device tax is a big one. basically, this is a tax that will hit the medical industry, and it doesn't hit profits, it hits their sales. charles: the products that keep us alive and help us, by the way, when you say there is not going to be attacks a tax on the middle class, this taxes every person that may ever have to go to a hospital and meet one of these devices. >> yes, that's right. 43,000 jobs cut possibly in this industry. this is an industry that spends $10 billion ann
of leaders whose say stick to your end of the bargain. >> money has to be on the table. criminal defense lawyers they of front because they don't pay. [laughter] give me my retainer. you can do when. republicans could give on the rate. 37 ha in return when the $1 trillion of spending cuts have been. what did the obama arithmetic that $1 trillion we have already cut. >> 800 billion for the board that would be financed anyway, there has to be real cuts happening at the same time. neil: rudy guiliani. i am headed to washington to save us from the mess. be where. i am coming. girl: n't look at me. second girl: your hais a bit frizzy tod. aw! ha ha! you shoulpick at up. announcer: every day, kids witness bullying. poor youha ha! they want to hel but don't know how. teach your kids how to be more than a bystander. visit stopbullying.gov. ♪ grew up in a all town and when the rain would fall down ♪ ♪ i'd just stare ou my window ♪ ♪ dreaming of what could be and if i'd end up happy ♪ ♪ i would pray i could breakaway ♪ i'll spread my wings and i'll learn how to fly ♪ i'll do what
: with the defense cuts come if we do over the cliff, it will cost $100 million or over that? >> 137 million. gerri: would this put you into the red? >> it certainly could. we are still looking at obama's health care plan and what it will do to the state budget. the federal strings are tied. i asked the president about this. the federal funds that come down to the state as you may cuts -- we can still have the strength attached to it. it doesn't give leeway to meet your unique circumstances in our state. we are all different. different budgets, different employment rates, different constitutions, different laws. different styles of living and means within our budget. give us some flexibility. gerri: i expect you to be a little bit more upbeat about the fiscal cliff, but i have to tell you, you sound like a lot of people in washington today. concerns over whether these leaders can get together and find common ground and resolve this issue. it would be meaningful to stay like yours. governor, thank you so much for coming on. >> thank you, gerri. gerri: it's not just politicians and ceos are worried
with defense cuts. cost eight -- 100 million? you have had a surplus will this put you into the red? >> it could. we still look at the federal obama's health care plan with the budget will cost money then look of the mandates tied with the federal money. i asked the president, is you have these federal funds coming down to the states and the strings are still attached it does not give us leeway for our different circumstance -- circumstances other states different constitutions, laws, differe nt styles of living and different needs for the budget. give us some flexibility. gerri: i hope you were more upbeat with the fiscal cliff that use sound like many people big concerns the people can get together and find common ground. it is meaningful to est. like yours. we appreciate your time. gerri: it is not just politicians and ceos. even baseball players take note to. there all top 2% and major league baseball stars just signed a five-year contract with the atlanta braves worth more than $75 million. the $3 billion signing bonus something major league baseball rarely does outside the dra
, this is your fox new fox news b. defense secretary is saying u.s. intelligence services have very serious concerns about the routine use of chemical weapons in syria has the u.s. much official tells fox the syrian president is prepping a deadly nerve agent loading it into bombs for deployment. experts say it is 500 times more toxic than cyanide. the pentagon plan to prepare publications in africa are extremist in al qaeda. manage national core are prepping to launch offensive in northern mali. providing training and equipment and transportation, separation set to begin early next year. over in each of the presidential palace looking like an armed camp is at this time. egyptian military installing barbed wire barricades and stationing tanks after another night of deadly protest. the worst round of violence in two weeks. clashes between rival to mr. this killed the seven last night. those are your headlines, back to lori and melissa. lori: time to get a deal to avoid the fiscal cliff. senate majority leader harry reid just took the floor. he tried to get a vote on the fiscal cliff deal at 1
though he has been an employee for two years, now covering his legal fees. longtime white-collar defense attorney, does not come cheap, he starts around $1300 per hour. he made about $9 million according to the criminal complaint. that was the bonus. lori: so he has money. >> maybe. 1300 per hour. a lot of money. and this is raising some eyebrows in the legal community. companies often do this. lori: makes sense, great strategy. >> he probably had an employment contract, but we don't know. we don't know if it's a deal created then based on an employment contract, or whether it is something they just did now, but it does at least two legal experts it exists, it provides an incentive when yourr boss, who they want you to cooperate on and no doubt they want steve cohen, that is their ultimate target. i have learned this from numerous people i've talked to, law-enforcement involved in this case, you read the complaint, this anonymous owner of the hedge fund which they talk about, we have confirmed it is steve cohen, he gave the inside information to. we don't know if you told him this is ins
equipment supplier named mitchum, posted what's described as a surprise loss. down 17%. and a defense contractor, posted higher profits. better than expected. maker of tommy bahama and lilly pulitzer brands. and disappointing, down you go, 12% down there and then facebook, joining nasdaq 100 one week from today. it's down 13, but it's at 27 now. work hard, all your life and build up an estate and leave it to your kids, and like to. the government takes, and attorneys say what to do to avoid it. first, christmas music from mark stein, i don't know why my picture is up there. that's mark stein and he's singing, not me. ♪ male announcer ] at scottrade, you won't just find us online you'll also find us in person, with dedicated support teams at over 500 brancs nationwide. so when you call or visit, you can ask for a name you know. because personal service startwith a real person. [ rodger ] at scottrade, seven dollar trades are just the start. our support teams are nearby, ready to help. it's no wonder so many investors are saying... [ all ] i'm with scottrade. >> detroit, we're told,
interest rates expected within eight years we will spend more in interest payments then national defense, social security and that they care. if the rates go up, you're talking about billions of dollars of additional expenditures. any progress and talk about the last few weeks. lori: thank you. and i will book you for new year's eve. melissa: breaking news, google gmail service having intermittent outages. it is investigating the issue. gmail has 425 million gmail users worldwide. it is unclear how many have been affected. take a look at google shares up by $0.73 as the news is breaking. shibani joshi will bring us the latest coming up. lori: no federal government has ever find a business more money when it comes to breaking antitrust rules. melissa: cheap natural gas thanks to advances in shale drilling. to the export to make a profit? can i help you? i heard you guys can ship ground for less than the ups ste. that's right. i've learned the only way to get a holiday deal is to camp out. you know we've been open all night. is this a trick to get my spot? [ male announcer ] break from the
. major cuts to defense spending, no changes to entitlements. david: if i'm tea party member i've had my legs cut out from john boehner. >> that is absolutely you try. if impresident of the united states and democrats i need a plan that allows us to raise the debt ceiling in 2013. the way i view it you blunt severe components of it but still fiscal drag at beginning of the year. you will still have uncertainty what the size and scope of the federal government will look like 2013 and beyond. is it priced into the market? these markets are trading at generally reasonable valuations. certainly not as cheap as it was last august but stocks are as cheap to bonds as they have been in a very long time. lauren: thank you, brian. i love how we said our portfolios are out of style. david: why he is senior economist for oppenheimer. thanks a lot. >>> a big blow to organized labor in michigan of all places the home of the uaw. state lawmakers approving right to work legislation there. coming up next a state senator on the fast and controversial move that took a lot of folks by surprise and could cha
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